Are we going anywhere with this much "troubled" company?I'm sure some of you are much better versed and smarter than I am with these numbers and so, maybe you can help me out with calculations. As of Sept. 30th, the company's short term cash position was $1,87B. Quick calculation means about 85 cents of cash for each share (float at 2.19B shares).
I'm looking to better understand the perceived intrinsic value spread between the common A and Bs. Sure A shares hold 10 times the voting power than Bs. The A's value have been trading at nearly twice (or more) the price of the Bs. Why would anyone want A shares (willing to pay the huge premium) if they don't hold greater intrinsic value? In other words someone who already has control is buying A shares. It's not a trick question. But the answer seems obvious as who is buying shares and why they keep buying even at much higher price than Bs?
As many here have already suggested, the Bs are going to cath-up to As. Lastly another strong indicator is to look at how corporate debt prices have increased over the last month (BBD bonds and pref. shares). This thing aint dead yet!
GLTA.